Page 140 - Commodity News

Aluminium hits 10-year high as demand roars, China supply curbed

Prices rallied as much as 2.9% to $2,726.50 on the London Metal Exchange, hitting the highest since 2011

Gold prices gain, propped up by sluggish dollar; US jobs data in focus

Gold prices gained, propped up by a sluggish dollar, with investors looking ahead to US non-farm payrolls data which could be the key to the US Federal Reserve's stimulus-tapering decision

Gold price today at Rs 47,500 per 10 gm, silver trending at Rs 63,600 a kg

The price of gold jewellery varies across India, the second-largest consumer of the metal, due to taxes and duties.

Hold 10% of portfolio in gold as currencies will be devalued: Mark Mobius

Bullion rallied to a record last year as the coronavirus pandemic spurred a flight to haven assets but it's pulled back since with the roll-out of vaccines.

Oil slips as Hurricane Ida weakens, OPEC+ in focus for output increase

Brent crude was down 26 cents, or 0.4%, at $72.44 by 1340 GMT, having reached $73.69 earlier, the highest since August 2

Gold price today at Rs 46,660 per 10 gm, silver trending at 63,800 a kg

In New Delhi and Mumbai, the price stands at Rs 46,710 and Rs 46,660 per 10 gm of gold, respectively

Dim days for Ujjwala: High global prices ring death knell for LPG scheme

Sector watchers say budgetary allocations for LPG subsidy may soon vanish, going the way of kerosene subsidy in the Budget 2021

Gold price today at Rs 46,620 per 10 gm, silver trending at 63,000 a kg

In New Delhi and Mumbai, the price stands at Rs 46,550 and 46,620 per 10 gm of gold, respectively

Poor monsoon likely to hurt India oilseed, cotton output, says NCML

Oilseed and cotton will see a drop in production as weaker rains have reduced their sowing areas

Gold bond issue price fixed at Rs 4,732/gm; subscription opens Monday

The issue price for the next tranche of Sovereign Gold Bond Scheme 2021-22, which will open for subscription for five days from August 30, has been fixed at Rs 4,732 per gram of gold, the RBI said

Oil price jumps as storm approaches Gulf of Mexico production hub

Oil prices rose on Friday and were on track to post big gains for week on worries about supply disruptions as energy companies began shutting production in Gulf of Mexico ahead of possible hurricane

Gold prices firm above $1,800 on softer dollar, safe-haven demand

U.S. gold futures rose 0.7% to $1,807.00.

Gold price today at Rs 46,220 per 10 gm, silver trending at 63,200 a kg

In New Delhi and Mumbai, the price stands at Rs 46,500 and 46,490 per 10 gm of gold, respectively

Gold price today at Rs 46,490 per 10 gm, silver trending at 63,400 a kg

In New Delhi and Mumbai, the price stands at Rs 46,500 and 46,490 per 10 gm of gold, respectively

Oil edges higher on US fuel demand, extends rally for third session

The four-week average for US total product supplied, a proxy for fuel demand, soared to nearly 21 million barrels per day, its highest since March 2020

Gold eases as dollar halts slide, focus on Jackson Hole

Gold jumped 1.4% on Monday to the highest in nearly three weeks, driven by a broad retreat in the dollar this week

Gold price today at Rs 46,650 per 10 gm, silver trending at 62,800 a kg

In New Delhi and Mumbai, the price stands at Rs 46,600 and 46,650 per 10 gm of gold, respectively

Gold price today at Rs 46,260 per 10 gm, silver trending at 62,000 a kg

In New Delhi and Mumbai, the price stands at Rs 46,400 and 46,260 per 10 gm of gold, respectively

Gold gains on softer dollar, Delta variant's threat to recovery

The dollar index was down 0.1%, easing off the 9-1/2-month high hit last week, lifting gold's allure for holders of other currencies

Gold price today at Rs 46,200 per 10 gm, silver trending at 61,700 a kg

In New Delhi and Mumbai, the price stands at Rs 46,250 and 46,200 per 10 gm of gold, respectively